Taco Bell - Gest Street

1003 Gest St Cincinnati , OH 45203-1111

Taco Bell - Gest Street - retail for sale

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Overview



Newly-constructed Taco Bell restaurant for sale in Cincinnati. Easily accessible from I-75 and located 2 miles away from Cincinnati’s CBD. Within a 3-mile radius, there are 139,000 residents with an average household income of $52,000. Cincinnati is home to more Fortune 500 companies per capita than New York, Los Angeles, and Chicago. Property is operated by AGBell, who operates another 37 Taco Bell locations throughout the Cincinnati area.

Investment highlights


  • Fee simple interest
  • Long-term lease with 10% rental increases every 5 years
  • Five 5-year renewal option periods
  • Zero landlord responsibilities
  • Taco Bell has outperformed the QSR industry in revenue growth nearly every year from 2013 to 2018
  • Backed by AGBell, the parent company of Taco Bell that manages a portfolio of real estate valued at over $1 billion


General
Property type Retail
Property subtype Single tenant/Standalone
Tenure type Sale/Purchase
Property address 1003 Gest St, Cincinnati, OH 45203-1111
Building size 2,392  ft2
Year built 2017
Year renovated 2019
Financial
Price $2,070,000
Cap rate 5.10%
Current NOI $105,570.00
Lease
Tenant's name AgBell
Lease type NNN
Annual rent $105,570.00
Lease expiration date 12/28/2038
Remaining term 19.3Yrs

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